Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

SANAD makes $10 million loan for Egypt’s small businesses

Inclusive Economy

The fund has issued about $350 million in loans since 2011

Sanad Fincluders Startup Challenge Amman 2017 | PC: EU Neighbours

SANAD, a microfinance investor, issued the loan to Egypt’s sixth largest bank, Banque du Cirque, to increase lending to small businesses.

In Egypt, more than 2.5 million small businesses are responsible for more than 90% of private sector jobs and 80% of Egypt’s GDP. SANAD’s loan will increase Banque du Cirque’s lending throughout its network of 230 branches.

SANAD, which means “support” in Arabic, was launched by KfW Development Bank in 2011 to invest in financial institutions and organizations lending to small businesses and low-income households in the Middle East and North Africa.

It has issued about $350 million in loans since 2011.

You might also like...